Mises Wire

In Jamaica, the Tourists Party On behind High Walls and Locked Gates

DemocracySocialismProduction Theory

Blog4 hours ago

High time preferences also mean high times in a party atmosphere. When Jamaica embraced socialism many decades ago, it wasn't supposed to come to this.

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It's Not Discrimination, Even When the Government Claims Otherwise

Free MarketsProgressivism

Blog11/25/2022

Governments are demanding there be "proportional" representation of women in professions that women historically have avoided. Those efforts will be unsuccessful.

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In the Red: The Federal Reserve’s Portfolio Joins the Rest of the Market

The FedInflation

Blog11/17/2022

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

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Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Central BanksThe FedInflationCapital and Interest Theory

Blog11/16/2022

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

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Inflation Is Not Price Increases. Inflation Causes Price Increases.

Central BanksInflation

Blog11/15/2022

The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.

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In Government-Regulated Healthcare, There Is No Competition Like No Competition

Bureaucracy and RegulationFree MarketsHealthProgressivism

Blog11/04/2022

Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible.

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Inflation in Pakistan: Follow the Money

Central BanksGlobal EconomyInflation

Blog11/03/2022

Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.

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